Bloody Lesson｜ETH 19:02 Inducing Longs and Market Dump Record

Today at 19:02, ETH suddenly surged violently after a whole day of sideways movement, the Bollinger Bands opening upwards, a textbook-level bullish signal. I got a bit carried away and chased the long position, but both times I got trapped.

I thought the upward space had opened, but it was just the big players blatantly inducing longs, after which they dumped the market directly, falling from 2166 all the way to 2118, and all long positions were wrecked.

Core Lessons:

• Long sideways, sudden sharp surge, 99% is a false breakout

• Never chase a breakout, must wait for a pullback confirmation

• Getting emotional = sending yourself to the slaughter, the big players are openly wielding knives to kill, don’t offer your head up

The market has no conscience, discipline is the lifeline, take this as a warning! #ETH #假突破 #交易纪律